Seeking Alpha

Corvex/Related unimpressed with CommonWealth changes

"Today's announcement is nothing more than hollow rhetoric and a desperate attempt to keep Barry Portnoy and his son Adam in control of CommonWealth (CWH +0.6%)."

"Lack substance," "window dressing," "a rogue board," ... you get the idea.

The dissident shareholders remain confident the arbitration panel will validate the consent solicitation at the end of October's hearing.

Press release.

Previous: CommonWealth announces restructuring of management agreement and governance changes.

Previous: The arbitration panel's initial ruling favors the dissidents.

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